As a contractor, is it beneficial to have the company pay mileage during the year or claim it at the end on our LLC tax return?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

As a contractor, is it beneficial to have the company pay mileage during the year or claim it at the end on our LLC tax return?

As a contractor, better to have the company he's working for pay or we claim all at the end of the year?

1 Reply
Intuit Alumni

As a contractor, is it beneficial to have the company pay mileage during the year or claim it at the end on our LLC tax return?

If the contractor is considered as an employee of the company, it is better that the company pay mileage since employee business expenses are no longer deductible under the new tax laws.

If it's his company, it doesn't really matter tax-wise which option you choose.  From the point of cash flow for the contractor, I would think he'd prefer having payments reimbursing him throughout the year.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic Ads
v
Privacy Settings